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JDL Development plans to close the deal Friday, Ald. James Cappleman (46th) said.
Crain's is reporting that developer Jim Letchinger has purchased the property.
JDL initially wanted a more than $32 million TIF subsidy — the city is only offering $14 million.
The plan for the vacant Maryville Academy campus had neighbors protesting at Ald. Cappleman's office.
A mid-century modern building faces the wrecking ball as part of a plan for luxury housing.
A developer who wanted to save the historic building was stopped from surveying the property.
Jim Belli, son of Edo Belli, added his voice to calls to reuse the Mid-Modern work.
The committee recommended destroying Cuneo Memorial Hospital, making 10 percent of units "affordable."
Preservation advocates said TIF money should save — not destroy the Mid-Century Modernist work.
The 15-story retail and rental building is "definitely on target" for this year, the developer said.
James Letchinger also said the "affordable people" won't control the debate about his project.
Preservationists fear that Cuneo Memorial Hospital could be razed to make way for a luxury high-rise.
Uptown development seeking city funds excludes most low-income and working-class renters, opponents say.
Ald. James Cappleman (46th) sees "an openness" to the project" in the community.
A public meeting to review the plan that would create nearly 800 apartments is scheduled for Dec. 13.
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And, no, they're not called Roosevelt and State.
For most of November, it'll be open two days a week, between 10 a.m.-4 p.m. Mondays and Tuesdays.
Data shows that while more blacks and Latinos applied to the CPD, most new officers are white.
The nation's largest bike maker is soliciting bids for a retail build-out at 1647 N. Milwaukee Ave.
Cochran was given CPR by 40th Ward Ald. Patrick O'Connor, taken to Northwestern hospital.
The violent robbery could be connected to four other robberies in the area, police said.
We looked at the data behind thousands of cellphones reported stolen in Chicago since January 2016.
Erin Mowry, 42, could be convicted of aggravated DUI for the July 2015 crash.
Terrion Pouncy, 19, was still hospitalized Thursday following surgery.
The eviction notices "caught many families unprepared," activists said.
"The reception has been outstanding. We've had lots of interest and excitement," the listing agent said.
About 20 percent of O'Hare and Midway flights for Thanksgiving get delayed, according to a new report.